USCG Will Get Budget Increase

Wednesday, January 23, 2002
In order to ensure anti-terrorism coastal patrols, revive enforcement in needed areas, and maintain some of the extra patrols initiated post-September 11, the Coast Guard will receive a major budget increase of up to $1 billion, if approved by Congress. Of the $12 to $13 billion in extra Homeland Security spending that the President will propose on February 4, it is reported that the Coast Guard will be among the biggest recipients. The Coast Guard would receive an extra $900 million to $1 billion for 2002-2003, which amounts to about a 20 percent increase in its $5.2 billion annual budget. The proposed budget increase is the first part of a three-year plan, which also includes adding to the 36,000 active and 8,000 reserve personnel.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Exxon: U.S. to Allow Wind Down Ops in Russian Arctic

U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Source: Siemens Offering $6.1 bln for Dresser Rand

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2593 sec (4 req/sec)